Source: https://www.youtube.com/watch?v=82t6kIB4ts4
Published: Dec 27, 2020
"BANKS/FINANCE
December 1930: the bank of the United States (a private bank with no actual government status) collapses in what was the largest bank failure in US history at the time, freezing some $200 million in depositors funds
Prices are falling rapidly and the dollar buys you a lot more today than it did a couple of years ago, the problem is, there is no money in circulation
March 1930: Long lines of people can be seen withdrawing their deposits from the bank today, the bank officials look scared, (then a few days later):
No bank withdrawals are allowed today, they are doing an audit they tell me. Everything will be back to normal on Monday the manager has just told us all in line.
At home, the president is on the radio and tells us not to panic, all is well
The banks cannot allow withdrawals anymore because the money is no longer there. The banks explain that they lent the money to people for mortgages and businesses which they can no longer collect upon. This is due to homes being in the negative & business at a standstill, there is no hope, how will we ever escape this trap?
Bank holidays are used as a way to stop people withdrawing money.
Entry 1: Without warning, all banks, which are not even connected to one another, restrict withdrawals to 5% of balances! This all occurred on the same day. I’m told this has happened not just here, but across many Cities! It’s hard not to think suspicious thoughts.
Entry 2: It has come to light that The 5% withdrawal restriction was passed into law in a secret meeting… I am starting to lose all faith in our Government.
But anyone who deposits new money in the bank may withdraw on demand
There was constant restructuring of the banks with broken promises, constantly going back to freezing withdrawals even of the accounts that had recently deposited money!
Cash is King, if you have cash you can buy assets like stocks for pennies on the dollar, the problem is that very few people have any cash
Cash is the only thing that talks these days, no checks or credit are accepted, anywhere
There is no money in circulation anywhere. Scrip is now used in place of money in most major cities since cash is so hard to come by
July 1933: there is yet again another criminal case against some bankers in the newspaper today. The investigation shows that the officers manipulated the figures in the financial reports and made loans to themselves for speculation without collateral
At the same time, other bankers were promoting and selling their stock just the day before it collapsed, taking vast profits but leaving those who had bought the stock bankrupt as it crashed to being worthless - (according to the report, they sold these worthless stocks to those with very little money to begin with)..."
